So, Payoneer apparently violated a number of programs by processing 2,241 payments for parties in Iran, Sudan, Syria and Crimea… and another payments on behalf of parties on the SDN List. The value of the transactions? Less than the fine – only $802,117.36. Why? Because those 2241 violations were not […]
Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Alfa Laval Middle East Ltd. and Alfa Laval Inc. Release date 07/19/2021 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $415,695 settlement with Alfa Laval Middle East Ltd. […]
FINTRAC imposes an administrative monetary penalty on Sokhom Ung, operating as Bureau de change Saint-Michel FINTRAC announced today that it has imposed an administrative monetary penalty on Sokhom Ung, also operating as Bureau de Change Saint-Michel. This money services business in Montréal, Quebec, was imposed an administrative monetary penalty of […]
FINTRAC imposes an administrative monetary penalty on HomeLife Glenayre Realty Chilliwack Ltd. FINTRAC announced today that it has imposed an administrative monetary penalty on HomeLife Glenayre Realty Chilliwack Ltd. This real estate broker in Chilliwack, British Columbia, was imposed an administrative monetary penalty of $59,235 on February 8, 2021, for […]
FINTRAC imposes an administrative monetary penalty on Les Immeubles Diamant Diamant Inc. FINTRAC announced today that it has imposed an administrative monetary penalty on Les Immeubles Diamant Diamant Inc., also operating as Diamond Diamond Real Estate Inc. This real estate broker in Montréal, Quebec, was imposed an administrative monetary penalty […]
FINTRAC imposes an administrative monetary penalty on Magasin Château D’Ivoire Inc. FINTRAC announced today that it has imposed an administrative monetary penalty on Magasin Château D’Ivoire Inc., also operating as Château D’Ivoire. This dealer in precious metals and stones in Montréal, Quebec, was imposed an administrative monetary penalty of $206,910 […]
From the Directorate of Defense Trade Controls’ Penalties & Oversight Agreements site… Links: Penalties & Oversight Agreements site Honeywell documents: Charging Letter, Agreement, Order
U.S. Department of State Concludes $13 Million Settlement of Alleged Export Violations by Honeywell International, Inc. MEDIA NOTE OFFICE OF THE SPOKESPERSON MAY 3, 2021Share The U.S. Department of State has concluded an administrative settlement with Honeywell International, Inc. (Honeywell) of Charlotte, North Carolina, to resolve alleged violations of the […]
The settlement with MoneyGram isn’t an even dollar amount – $34,328.78. I’ve been reporting on enforcement actions for years and years now (going back to at least 2014), and I can’t recall any other action – especially with a corporate entity – where OFAC didn’t round the figure off.
Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and MoneyGram Payment Systems, Inc., and SAP SE Release date 04/29/2021 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with MoneyGram Payment Systems, Inc. (“MoneyGram”), a global payments […]
